Council Considers Tax Exemption Agreement with Penn South

The New York City Council is considering Resolution 0034-2026 to approve a Tenth Amendatory Agreement with Penn South granting a real property tax exemption for multiple residential blocks in Manhattan. The measure would formalize continued tax relief under New York’s Private Housing Finance Law for the Penn South cooperative housing complex.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Renewal

Described as a proposed Tenth Amendatory Agreement, indicating nine prior amendments to the underlying tax exemption arrangement between the City and Penn South; this action would further extend or modify those existing terms.

Document type

Agenda

Source document

New York City Council Agenda January 29, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Department of Probation (DOP)?

Penn South was awarded this financial services contract by Department of Probation (DOP), as recorded on January 29, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in New York City Council Agenda January 29, 2026 (Agenda), dated January 29, 2026 from Department of Probation (DOP). Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Penn South hold?

Penn South may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Department of Probation (DOP) currently buying?

Explore Department of Probation (DOP)'s vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Department of Probation (DOP)'s profile

Council Considers Tax Exemption Agreement with Penn South

Scope & details

Related contracts

Frequently asked questions

Who was awarded the financial services contract by Department of Probation (DOP)?

What type of contract is this?

Where was this contract approved?

What other contracts does Penn South hold?

What is Department of Probation (DOP) currently buying?

Bring us your territory.We'll show you what is forming.

Bring us your territory.
We'll show you what is forming.